Long Term Forecast – NIKKEI Index (Japan)

When I finished this chart yesterday I thought that the wave was so complete on the macro and micro levels that the move down can start any minute now. Classical targets for wave II: 0.236-0.618 retrace of wave I: 22438-14713. If wave 2 developed for 1.5 years, a wave II of a higher degree would probably take more. The most typical shape for wave II would be a zigzag. 

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